Bitdeer price target raised to $15 from $11 at Cantor Fitzgerald

Cantor Fitzgerald raised the firm’s price target on Bitdeer (BTDR) to $15 from $11 and keeps a Neutral rating on the shares. Bitdeer continued expanding Bitcoin mining capacity to over 80 EH/s and prioritizing self-mining over ASIC sales, while retaining optionality in AI/HPC through its global power assets; however, despite ongoing advanced discussions around monetizing its Norway site for AI use cases, the lack of a signed deal reinforces a “show-me” investment stance until clearer execution on AI monetization emerges, the analyst tells investors in a research note.